As its name indicates, Sheepshead Bay is on the water. And it makes the most of it, with a popular waterfront bike path, a busy marina, and beloved seafood restaurants. You can walk to Manhattan Beach via the scenic Ocean Avenue footbridge, and many prized properties come with a private dock, making you forget you are only a subway ride away from Manhattan. Despite new buildings like a recent luxury tower offering both condos and rentals (and built to withstand flooding), Sheepshead Bay has mostly resisted extensive new developments and remains a haven for those looking for space and a slower pace.